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2013-10-21 12:04:28
September 2013 Real Estate Sales for Austin

AUSTIN, Texas–Oct. 21,  2013 – According to the Multiple Listing  Service (MLS) report released today by the Austin Board of REALTORS®  (ABoR), the volume of Austin-area home sales continued to rise in September and  had the most single-family home sales for the month since 2005.


According to the report, 2,391 single-family  homes were sold in the Austin area, which is 34 percent more than September 2012.  On average, homes spent 44 days  on the market, which is a decrease of 22 days from one year prior.


Cathy Coneway, 2013 President of the Austin Board  of REALTORS­® explained, “With such explosive growth in the Austin  housing market, we have to plan for our community’s future needs. Proposition  1’s funding of affordable housing in Austin and Proposition 6’s funding of the  state water plan are critical to maintaining the success of Austin’s housing  market and our economy.”


The  total dollar volume of single-family properties sold was $688,347,381, or 47  percent higher than the same month last year. The market also featured 17  percent more new listings, 12 percent fewer active listings and six percent more pending sales in September  2013 compared to the prior year.


In September  2013, the median price for Austin-area homes increased to $223,000, which is 13  percent more than the same month in 2012. Additionally, the market featured 2.7 months of inventory in  September 2013, which is about 1 month less than September 2012.


Coneway concluded, “Every member of  our community plays a part in ensuring the continued growth of our great city.  We encourage you to go out and vote during the early voting period or on  November 5 for Austin’s Proposition 1 and Texas’ Proposition 6.”


September 2013 Statistics

  • 2,391 – Single-family homes sold, 34 percent  more than September 2012.
  • $223,000 – Median price for single-family  homes, 13 percent more than September 2012.
  • 44 – Average number of days single-family homes spent on  the market, 22 days fewer than September 2012.
  • 2,487– New single-family home listings on  the market, 17 percent more than September 2012.
  • 5,965 – Active single-family home listings  on the market, 12 percent fewer than September 2012.
  • 1,978 – Pending sales for single-family  homes, six percent more than September 2012.
  • 2.7 – Months of inventory* of single-family homes, 1 month  less than September 2012.
  • $688,347,381 – Total dollar volume of single-family properties sold, 47  percent more than September 2012.


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